Eldorado Gold (NYSE:EGO) Trading Up 3.3%

Eldorado Gold Co. (NYSE:EGOGet Rating) (TSE:ELD)’s stock price was up 3.3% on Friday . The stock traded as high as $6.06 and last traded at $5.98. Approximately 51,888 shares traded hands during trading, a decline of 97% from the average daily volume of 2,000,195 shares. The stock had previously closed at $5.79.

Analysts Set New Price Targets

Several equities analysts have weighed in on EGO shares. Canaccord Genuity Group upgraded Eldorado Gold from a “hold” rating to a “buy” rating and dropped their price objective for the company from C$17.00 to C$12.00 in a research note on Wednesday. Stifel Nicolaus lowered their target price on Eldorado Gold from C$20.25 to C$18.00 in a research note on Wednesday. Canaccord Genuity Group upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Wednesday. National Bank Financial lowered their target price on Eldorado Gold from C$19.00 to C$15.00 in a research note on Thursday. Finally, TheStreet cut Eldorado Gold from a “c” rating to a “d+” rating in a research note on Wednesday, May 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Eldorado Gold currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Eldorado Gold Trading Down 1.7 %

The firm has a fifty day moving average of $7.16 and a two-hundred day moving average of $9.25. The company has a market cap of $1.05 billion, a PE ratio of -2.21 and a beta of 1.45. The company has a current ratio of 3.62, a quick ratio of 2.64 and a debt-to-equity ratio of 0.15.

Eldorado Gold (NYSE:EGOGet Rating) (TSE:ELD) last announced its quarterly earnings data on Thursday, April 28th. The basic materials company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.15). Eldorado Gold had a positive return on equity of 2.11% and a negative net margin of 51.36%. The firm had revenue of $194.67 million during the quarter. As a group, sell-side analysts predict that Eldorado Gold Co. will post 0.37 EPS for the current year.

Institutional Investors Weigh In On Eldorado Gold

Several large investors have recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC grew its holdings in Eldorado Gold by 10.7% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 54,467 shares of the basic materials company’s stock valued at $348,000 after buying an additional 5,258 shares in the last quarter. Helikon Investments Ltd grew its holdings in Eldorado Gold by 43.4% during the 2nd quarter. Helikon Investments Ltd now owns 17,555,160 shares of the basic materials company’s stock valued at $112,177,000 after buying an additional 5,309,742 shares in the last quarter. Exane Derivatives grew its holdings in Eldorado Gold by 23,863.1% during the 2nd quarter. Exane Derivatives now owns 42,175 shares of the basic materials company’s stock valued at $269,000 after buying an additional 41,999 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Eldorado Gold by 1.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 364,675 shares of the basic materials company’s stock valued at $4,088,000 after buying an additional 4,570 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in Eldorado Gold by 17.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 67,800 shares of the basic materials company’s stock valued at $760,000 after buying an additional 10,070 shares in the last quarter. Hedge funds and other institutional investors own 58.83% of the company’s stock.

About Eldorado Gold

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Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemcukuru gold mines located in western Turkey; 100% interest in Lamaque gold mines located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.

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